Activist investor Starboard has taken a stake in CVS and held talks with the drugstore-and-insurance giant’s management, people familiar with the matter say
Activist investor Starboard Value LP has taken a stake in CVS Health Corp. and held talks with the drugstore-and-insurance giant’s management, according to people familiar with the matter.
The stake appears to be relatively small and the people said the talks, held recently, are amicable. How much Starboard currently owns and what it has discussed with the company couldn’t be learned. But Starboard is one of the top activist-investment firms and its presence in a stock usually causes a company to sit up and take notice.
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